Implement a Pre-feasibility Study - this study can provide you with pertinent data related to the labor market and overall trends of similar industries.
Cost review and financial restructuring plan – identify areas of cost effectiveness and eliminate unnecessary spending.
Company Buyouts – find a buyer that would be interested in purchasing your business and retaining the current workforce or the majority thereof.
Modernize your existing facility and upgrade technology to be more competitive in your industry.
Hire new management.
Employee Buyouts – consider selling the majority of stock to your employees.
Convert to new products.